Invitation Homes (INVH) Coverage Initiated at B. Riley

Investment analysts at B. Riley began coverage on shares of Invitation Homes (NYSE:INVH) in a report issued on Monday. The firm set a “buy” rating and a $26.00 price target on the stock. B. Riley’s price objective indicates a potential upside of 14.74% from the company’s current price.

Other analysts have also recently issued research reports about the company. Zacks Investment Research cut Invitation Homes from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Citigroup began coverage on Invitation Homes in a research report on Friday, December 8th. They set a “buy” rating and a $27.00 target price on the stock. Deutsche Bank reiterated a “buy” rating and set a $26.00 target price on shares of Invitation Homes in a research report on Wednesday, November 29th. Evercore ISI set a $26.00 target price on Invitation Homes and gave the stock an “outperform” rating in a research report on Monday, November 27th. Finally, Mizuho began coverage on Invitation Homes in a research report on Thursday, December 14th. They set a “buy” rating and a $27.00 target price on the stock. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $25.56.

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Shares of Invitation Homes (NYSE INVH) opened at $22.66 on Monday. Invitation Homes has a 52 week low of $20.25 and a 52 week high of $24.30. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $7,055.29 and a price-to-earnings ratio of -75.53.

Invitation Homes (NYSE:INVH) last posted its earnings results on Wednesday, February 21st. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. Invitation Homes had a negative return on equity of 2.91% and a negative net margin of 10.02%. The business had revenue of $329.95 million for the quarter, compared to analysts’ expectations of $330.16 million. The business’s revenue for the quarter was up 40.7% compared to the same quarter last year. equities research analysts predict that Invitation Homes will post 1.19 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. grew its holdings in shares of Invitation Homes by 3.3% during the second quarter. Citigroup Inc. now owns 47,555 shares of the company’s stock worth $1,030,000 after buying an additional 1,540 shares during the last quarter. GAM Holding AG grew its holdings in shares of Invitation Homes by 28.1% during the second quarter. GAM Holding AG now owns 7,300 shares of the company’s stock worth $158,000 after buying an additional 1,600 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Invitation Homes by 8.4% during the second quarter. BNP Paribas Arbitrage SA now owns 28,114 shares of the company’s stock worth $608,000 after buying an additional 2,171 shares during the last quarter. AMP Capital Investors Ltd grew its holdings in shares of Invitation Homes by 20.5% during the third quarter. AMP Capital Investors Ltd now owns 14,700 shares of the company’s stock worth $333,000 after buying an additional 2,500 shares during the last quarter. Finally, TCW Group Inc. grew its holdings in shares of Invitation Homes by 7.7% during the fourth quarter. TCW Group Inc. now owns 43,926 shares of the company’s stock worth $1,036,000 after buying an additional 3,149 shares during the last quarter.

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Invitation Homes Company Profile

Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.